Skip to content
  • Facebook
  • X
  • Linkedin
  • WhatsApp
  • YouTube
  • Associate Journalism
  • About Us
  • Privacy Policy
  • 033-46046046
  • editor@artifex.news
Artifex.News

Artifex.News

Stay Connected. Stay Informed.

  • Breaking News
  • World
  • Nation
  • Sports
  • Business
  • Science
  • Entertainment
  • Lifestyle
  • Toggle search form
  • India needs national legal, social security architecture for gig workers: Congress
    India needs national legal, social security architecture for gig workers: Congress Business
  • Access Denied World
  • Access Denied Sports
  • About 182 million children in poor nations lack nurture; pollution, climate change risk factors: Study
    About 182 million children in poor nations lack nurture; pollution, climate change risk factors: Study World
  • Patanjali challenges HC order restraining it from airing ‘disparaging’ ads against Dabur Chyawanprash
    Patanjali challenges HC order restraining it from airing ‘disparaging’ ads against Dabur Chyawanprash Business
  • Raise Awareness About Importance Of Mental Health
    Raise Awareness About Importance Of Mental Health Nation
  • Palestine Embassy Thanks India For First Tranche Of .5 Million For Refugees
    Palestine Embassy Thanks India For First Tranche Of $2.5 Million For Refugees World
  • Trump signs order to bring lower Japanese auto tariffs into effect
    Trump signs order to bring lower Japanese auto tariffs into effect World
2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups

2024 Interim Budget | Space gets nominal hike, likely boost for spaceflight start-ups

Posted on February 1, 2024 By admin


A PSLV rocket carrying the X-Ray Polarimetry Satellite (XPoSat) lifts off from the Sriharikota spaceport, January 1, 2024.
| Photo Credit: ANI/ISRO

With no major space missions slated for 2024, the Department of Space has recieved only a nominal hike of 4% in its allocation in the Interim Union Budget for 2024-25, from ₹12,545 crore to ₹13,043 crore. The Indian space programme will spend much of the year on pre-launch testing milestones for the lunar exploration (Chandrayaan) and human spaceflight (Gaganyaan) missions, and some other projects.

In 2023, the Indian Space Research Organisation (ISRO) launched and successfully executed its long-awaited Chandrayaan-3 mission, to soft-land a robotic instrument on the moon. ISRO also launched the Aditya-L1 mission to study the sun and the XPoSat — short for ‘X-ray Polarimetry Satellite’ — mission to track and study neutron stars and black holes from space. India also signed the Artemis Accords to participate in the United States’ multilateral programme to return humans to the moon by 2025.


Also read: Budget 2024 live updates

The major launches slated for 2024 include an uncrewed Gaganyaan test flight, the third developmental flight of the Small Satellite Launch Vehicle, and the NASA-ISRO Synthetic Aperture Radar mission. ISRO scientists and engineers have also been working on propellants, satellite propulsion systems, new launch vehicles, and technology transfer to the industry.

Spaceflight startups may benefit

In her Budget speech, Finance Minister Nirmala Sitharaman announced a corpus of ₹1 lakh crore, with five-decade interest-free loans, to boost private sector investment in research and development. While the details are not clear, India’s nascent private spaceflight sector and its 200 or so startups are expected to benefit from this infusion. The revenue expenditure of IN-SPACe, the nodal agency setup by the Union Cabinet in 2020 to oversee the activities of this sector, also increased 24%.

Similarly, revenue for space technologies — which includes work on Gaganyaan and the development of systems for new launch vehicles and spaceflight missions — increased 27%.


Also read: Where does the money come from and where is it allocated?

The 8% increase in the allocation for space technologies is, however, out of keeping with the work planned on the next two missions in the Chandrayaan programme: Chandrayaan 4 and the Lunar Polar Exploration mission, and a partially reusable launch vehicle, among others. Then again, the Department of Space underutilised its allocation for space technologies in 2023-2024 by more than ₹1,500 crore.

Finally, expenditure for INSAT satellite systems was halved from ₹531 crore in 2023-2024 to ₹276 crore in 2024-2025, with capital expenditure dropping by 60%. ISRO is expected to launch the INSAT-3DS meteorological satellite later this month.



Source link

Science Tags:budget 2024, budget allocation, budget news, Gaganyaan test flight, interim budget, interim budget 2024, interim budget science, interim budget space, space boost budget, space sector budget

Post navigation

Previous Post: India negotiating bilateral investment treaties with different countries to promote foreign inflow: FM
Next Post: The Hindu Daily Quiz | On Union Budget – Feb 1, 2024

Related Posts

  • Climate change is making plants less nutritious
    Climate change is making plants less nutritious Science
  • Why has the claimed dark matter discovery sparked debate, caution?
    Why has the claimed dark matter discovery sparked debate, caution? Science
  • The Science Quiz | Spacetime continuum
    The Science Quiz | Spacetime continuum Science
  • The Hindu Daily Quiz | On rare diseases – March 4, 2024
    The Hindu Daily Quiz | On rare diseases – March 4, 2024 Science
  • Science quiz: Most powerful non-nuclear bombs
    Science quiz: Most powerful non-nuclear bombs Science
  • Archaeological excavation reveals 5,200-year-old Harappan settlement in Kachchh, Gujarat
    Archaeological excavation reveals 5,200-year-old Harappan settlement in Kachchh, Gujarat Science

More Related Articles

Two forerunners that set the stage for ISRO’s Gaganyaan test Two forerunners that set the stage for ISRO’s Gaganyaan test Science
The Science Quiz | Words that begin ‘cell-’ The Science Quiz | Words that begin ‘cell-’ Science
ISRO successfully launches NVS-02 satellite; creates history with the 100th launch from Sriharikota ISRO successfully launches NVS-02 satellite; creates history with the 100th launch from Sriharikota Science
The science, technology, and pitfalls of using nuclear power in space The science, technology, and pitfalls of using nuclear power in space Science
Grew up shy, didn’t think will fly to space: Astronaut Shubhanshu Shukla Grew up shy, didn’t think will fly to space: Astronaut Shubhanshu Shukla Science
Sci-Five | The Hindu Science Quiz: On elements found after 1900 Sci-Five | The Hindu Science Quiz: On elements found after 1900 Science
SiteLock

Archives

  • May 2026
  • April 2026
  • March 2026
  • February 2026
  • January 2026
  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • November 2024
  • October 2024
  • September 2024
  • August 2024
  • July 2024
  • June 2024
  • May 2024
  • April 2024
  • March 2024
  • February 2024
  • January 2024
  • December 2023
  • November 2023
  • October 2023
  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022

Categories

  • Business
  • Nation
  • Science
  • Sports
  • World

Recent Posts

  • Visakhapatnam Collector calls for inter-departmental synergy to boost investments
  • Kohli’s masterful knock powers Royal Challengers to the top
  • Vijay Narayan earns rare distinction of being Advocate General under two different governments
  • Learn from Sri Lanka’s experience on impact of fertilizer supply chains: experts
  • Sewage pollution of Cooum, groundwater depletion raise alarm

Recent Comments

  1. Leonardren on UP Teacher Who Asked Students To Slap Muslim Classmate
  2. NathanQuins on UP Teacher Who Asked Students To Slap Muslim Classmate
  3. Davidgof on UP Teacher Who Asked Students To Slap Muslim Classmate
  4. NathanJobre on UP Teacher Who Asked Students To Slap Muslim Classmate
  5. Davidcag on UP Teacher Who Asked Students To Slap Muslim Classmate
  • Indian man charged with criminally negligent homicide after crash kills two in Oregon
    Indian man charged with criminally negligent homicide after crash kills two in Oregon World
  • Karnataka To Withdraw Case Against Rioters Who Attacked Cops, Sparks Row
    Karnataka To Withdraw Case Against Rioters Who Attacked Cops, Sparks Row Nation
  • Access Denied Sports
  • More than 3,600 food packaging chemicals found in human bodies
    More than 3,600 food packaging chemicals found in human bodies Science
  • Delhi Schools Receive Bomb Threats For 2nd Consecutive Day, Probe On
    Delhi Schools Receive Bomb Threats For 2nd Consecutive Day, Probe On Nation
  • Low Pressure System Over Bay Of Bengal Intensifies Into Cyclonic Storm
    Low Pressure System Over Bay Of Bengal Intensifies Into Cyclonic Storm Nation
  • Access Denied World
  • Visakhapatnam Industrial Water Supply Company to repair Yeleru Left Main Canal from February 15 to March 27
    Visakhapatnam Industrial Water Supply Company to repair Yeleru Left Main Canal from February 15 to March 27 Nation

Editor-in-Chief:
Mohammad Ariff,
MSW, MAJMC, BSW, DTL, CTS, CNM, CCR, CAL, RSL, ASOC.
editor@artifex.news

Associate Editors:
1. Zenellis R. Tuba,
zenelis@artifex.news
2. Haris Daniyel
daniyel@artifex.news

Photograher:
Rohan Das
rohan@artifex.news

Artifex.News offers Online Paid Internships to college students from India and Abroad. Interns will get a PRESS CARD and other online offers.
Send your CV (Subjectline: Paid Internship) to internship@artifex.news

Links:
Associate Journalism
About Us
Privacy Policy

News Links:
Breaking News
World
Nation
Sports
Business
Entertainment
Lifestyle

Registered Office:
72/A, Elliot Road, Kolkata - 700016
Tel: 033-22277777, 033-22172217
Email: office@artifex.news

Editorial Office / News Desk:
No. 13, Mezzanine Floor, Esplanade Metro Rail Station,
12 J. L. Nehru Road, Kolkata - 700069.
(Entry from Gate No. 5)
Tel: 033-46011099, 033-46046046
Email: editor@artifex.news

Copyright © 2023 Artifex.News Newsportal designed by Artifex Infotech.